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, then distribution, then production. in conjunction with the great improvements in technology that unleashed the powers of capitalism, and capitalism manage to produce immense wealth, and at the same time produce poverty that had never been known before. the debt is to capitalism what hell is to christianity. unpleasant, but absolutely necessary for it to work. in a sense, capitalism is about ecological economics, even though capitalists don't want to hear this. it is about recycling. we had heard of the term by the 1970's, especially about the green movement in europe. capitalism has always been recycling. the process of described is a process whereby the entrepreneur is now forced to be an entrepreneur. the ex-peasants, they did not choose to be entrepreneurs. they had to be. they used debt. bringing it to the present, energizing the production process, producing the wealth from which he hopes that he will be able to repay the debt. the moneylenders, later the bankers. cover for the fact that he had paid wages for capital goods. hoping there is something left for him, for profit. debt is a
the courage to negotiate a lasting peace. yesterday the pope talked about the lure of technology taking time away from war shopping god. >> pilgrims from around the world flock to belles a to bethlehem lining up to see the birthplace of jesus. leland vittert live from bethlehem, sending christmas greetings to us like nobody else can. merry christmas to you. >> reporter: you're right it is really a roo tphaoebg and magical place on earth to be for chris nass. i'm going t christmas. you see the christmas tree all lit up and past that the church of the nativity where tonight there are a couple of thousands of people lined up trying to head inside and down to the bible when th grothe tow where the bible said jesus was born two m ma malennia go. the pope took a political penned talking about the nation of palestine certainly on the mind of a lot of people here, a lot of locals in bethlehem and the west bank. nobody really does christmas celebrations like they do in the west bank. palestinian boy scouts marched in with snare drums through the streets down the star road, the famous road that lead i
of the technological and productivity innovations of dp. >> and raising their price target, domino's pizza continues its nice run that stock up more than 1%. back to you, simon. >>> meanwhile, of course a major storm hitting the east coast and affecting travel across the region. we will update own the storm's latest track after the break. >>> and still ahead hurricane the dollar has had a phenomenal run against the yen over the last three months. cot fiscal cliff derail the green back's rally? we are back in two. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their fam
forces coming through to the forefront that you need not just to have your technology side, you need to have your presentation side, you need your customer side. i think this is a market that if you make the right choices could very well flourish in all parts of the world. >> how are you dealing with the price war in france between telecom operators. how is it affecting your business? >> let me take the european perspective. i don't think it's a french problem. i sincerely think if you look to why it is that the u.s. is so ahead in that generation, it's because of the business environment. the business environment. what are you allowed to do? because this is a regulated business. and what is the macroeconomic environment? macro, you can do nothing about. if you look at what they're allowed to do, i'm afraid that we still have a very unfortunate situation in europe, we have 28 regulators. we have regulation that is based only on basically low pricing and if you compare with the fcc and the u.s., it also has to look to innovation and new investments. that is not the case in europe. you
Search Results 0 to 3 of about 4